Tuesday, June 2, 2020

India lenders’ woes may be worse than thought, Moody’s says

“A deeper and more prolonged credit crunch would constrain” gross domestic product growth further, and that “in turn would increase the pressure on financial institutions’ balance sheets,” according to the ratings company.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/india-lenders-woes-may-be-worse-than-thought-moodys-says/articleshow/76155598.cms

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